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Atlantic Power Declares New Monthly Dividend

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Atlantic Power (NYSE: AT  ) , the utilities company with operations both north and south of the Canadian border, is continuing its streak of monthly dividend payments. For the month of April, the firm will distribute C$0.03333 ($0.3287) per share of its common stock on May 31 to shareholders of record as of April 30. That matches the firm's previous disbursement, which was handed out in late March. Prior to that, Atlantic Power's monthly distribution was significantly higher, at C$0.0937 ($0.9240) per share.

The company pointed out in the press release announcing the latest disbursement that non-Canadian taxpayers are obligated to pay a withholding tax on the dividends.

The current payout annualizes to nearly C$0.40 ($0.39) per share. That yields 8.5% at Atlantic Power's most recent closing stock price of $4.58.

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Eric Volkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

10/7/2015 3:49 PM
AT $2.06 Up +0.05 +2.49%
Atlantic Power Cor… CAPS Rating: ****